Cainiao, the logistics arm of Alibaba, agrees to take a stake in Zelostech, a Chinese robovan developer, in a deal that values the business at approximately $2 billion. The transaction merges Cainiao’s autonomous driving unit into the startup and includes a cash investment to build a “RoboVan Super Carrier” network. Zelostech plans to operate both brands simultaneously while deploying its Z10 electric freight vehicles.
